Turk Telekomunikasyon AS (FRA:4TTA)

Q1 2026 Turk Telekomunikasyon AS Earnings Call Transcript

May 7, 2026 / 10:59 AM GMT

Release Date Price: €3.64 (+1.11%)

Transcript

Key Points

Positve

Turk Telekomunikasyon AS (TRKNY) reported a 9% increase in consolidated revenues, reaching 65 billion TL, driven by both fixed and mobile segments.
The company achieved a 70% year-on-year EBITDA growth, significantly outpacing revenue growth, with EBITDA reaching 27.4 billion TL.
Net profit increased by 56% to 10.5 billion TL, supported by strong operational performance.
The company successfully launched 5G across all provinces in Turkey, enhancing mobile network performance.
Turk Telekomunikasyon AS (TRKNY) maintained a strong position in the market with a total subscriber base exceeding 57 million, including 712,000 net additions in the mobile segment.

Negative

Net leverage increased to 0.99 times from 0.6 times at the end of 2025, primarily due to 5G and concession renewal payments.
Fixed broadband subscribers slightly declined by 19,000 quarter-on-quarter, despite retail price actions.
Mobile revenues declined by 1%, and international revenues fell by 27.5%, impacting overall revenue growth.
The company faced increased hedging costs in April, which could impact financial performance.
Energy costs, while currently stable, are subject to potential increases due to market volatility and regulatory changes.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TTKOM.IS - Turk Telekomunikasyon AS
Q1 2026 Turk Telekomunikasyon AS Earnings Call
May 07, 2026 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. I'm Konstantino, your Koroskol operator. Welcome and thank you for joining the Turk Telecom conference call and live webcast to present and discuss the first quarter 2026 financial and operational results. We are here with the management team and today's speaker is Omer Karademir, CFO.

Before starting, I kindly remind you to review the disclaimer on the earnings presentation. Now, I would like to turn the conference over to Mr. Omer Karademir, CFO. Sir, you may now proceed.

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Unidentified_2 [2]
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